I've been around since 2013.
Back at the end of 2013, a 1070 equivalent GPU ( Radeon 7970) was probably pulling in more profit than today. I think it was like $10-15 per day per 7970.
6 months later. It pulled in probably $0.50/day
6 month later ( Dec 2014 ) it made like $0.25/day, not including electricity costs.
Hence don't complain at $2/day.
My advice,
Return your GPU to the store for a full refund, I doubt you will get resistance.
OR
Sell them for MSRP on eBay/ Craigslist/ Bitcointalk forums
Topic: my 1070 struggles now to make $2 a day, a 1080ti barely makes $4 a day (Read 387 times)
February 01, 2018, 12:35:05 AM
February 01, 2018, 12:31:33 AM
i mined in 2014, and then at end of 2014 it got really bad, and i quit mining, 6x270 and 4x7950.
I never start again after this, i got out of touch of the markets and i didnt notice that mining was already good to do from like mid 2015, i just assumed it was over, i could of just mined etherium for a year and be rich now.
But ya, mining is over, all sell your cards, b4 the others put them for sale and your gpu's become worthless!
I never start again after this, i got out of touch of the markets and i didnt notice that mining was already good to do from like mid 2015, i just assumed it was over, i could of just mined etherium for a year and be rich now.
But ya, mining is over, all sell your cards, b4 the others put them for sale and your gpu's become worthless!
February 01, 2018, 12:28:03 AM
but the card prices keep going up....
and no dont tell me bitcoin is down, its still $10,000 a coin!!!
and no dont tell me bitcoin is down, its still $10,000 a coin!!!
GPU mining will die in 2018
GPU mining will die in 2019
GPU mining will die in 2020
GPU mining will die in 2021
GPU mining will die in 2022
Bitcoin died already 125234 times
February 01, 2018, 12:19:28 AM
yes, tough times are coming, the winter ALREADY here.
so what should every miner do, lower PL of all cards and hodl
what else option do we have)) or.. just shut down some rigs and give them some time to rest))
so what should every miner do, lower PL of all cards and hodl
what else option do we have)) or.. just shut down some rigs and give them some time to rest))
January 31, 2018, 10:35:53 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.
Well I can understand that but you can't complain if you cash out you have to live with that choice. Everyones circumstance is different but in the end we all have to be satisfied in our choices in the end.
Do you pay your electric bill 3-4 times a month? I pay mine once a month. Just front it with your other money and cash out for a few months of electricity when it's good to do it. If anyone thinks this is a short term thing, they are dreaming.
Nope once per month, but I cash out depending on the ebb and flow of the price of coins. If you cash out 1 day then you might not be cashing out at the most optimum time. I do it as I go along. a $320 electric bill each month isn't difficult to pay for with the least amount of coin if you time it correctly once a week.
As someone else said i guess ... Everyones situation is different ... I have a full time job, so paying to power my small 24 gpu mining operation out of regular income isn't that big of a deal, until I feel that it's worth cashing out a bit for electricity costs. I just wouldn't do it multiple times a month over the past a 6 weeks.
I find its much easier to keep the wife happy about the noise in the garage when she knows the hardware will pay the electric bill each month.
January 31, 2018, 10:32:05 PM
Mining is no longer profitable for home miners, unfortunately decentralized technology became centralized due to interests of these who hold 99% of the riches. Basically same story than our banks, within 1 year only...
True that ... Can I buy your gpu's really cheap? Lol. I don't care how old they are, I will give you 40 cents each plus shipping.
^^^^ wait, i will offer 41 cents per.........
January 31, 2018, 10:31:45 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.
Well I can understand that but you can't complain if you cash out you have to live with that choice. Everyones circumstance is different but in the end we all have to be satisfied in our choices in the end.
Do you pay your electric bill 3-4 times a month? I pay mine once a month. Just front it with your other money and cash out for a few months of electricity when it's good to do it. If anyone thinks this is a short term thing, they are dreaming.
Nope once per month, but I cash out depending on the ebb and flow of the price of coins. If you cash out 1 day then you might not be cashing out at the most optimum time. I do it as I go along. a $320 electric bill each month isn't difficult to pay for with the least amount of coin if you time it correctly once a week.
As someone else said i guess ... Everyones situation is different ... I have a full time job, so paying to power my small 24 gpu mining operation out of regular income isn't that big of a deal, until I feel that it's worth cashing out a bit for electricity costs. I just wouldn't do it multiple times a month over the past a 6 weeks.
January 31, 2018, 10:27:39 PM
Mining is no longer profitable for home miners, unfortunately decentralized technology became centralized due to interests of these who hold 99% of the riches. Basically same story than our banks, within 1 year only...
True that ... Can I buy your gpu's really cheap? Lol. I don't care how old they are, I will give you 40 cents each plus shipping.
January 31, 2018, 10:24:42 PM
hmmm, why not just buy a less expensive card that mines more per day. I'm still getting $2.25 per day with my 570's that only cost me $200 over a month ago only drawing 88 watts each. They seem to always be in stock.
for now im just mining shit coins in hope they blow up, but every single coin started out as a shit coin, even bit coin nobody took serious.
when the does price of these GPU go down?
You're mining with 2 gpu's? I mean come on ... Expect some little profits if you do it right, but don't expect your Lambo in six months ... Lol.
January 31, 2018, 09:56:28 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.
Well I can understand that but you can't complain if you cash out you have to live with that choice. Everyones circumstance is different but in the end we all have to be satisfied in our choices in the end.
Do you pay your electric bill 3-4 times a month? I pay mine once a month. Just front it with your other money and cash out for a few months of electricity when it's good to do it. If anyone thinks this is a short term thing, they are dreaming.
Nope once per month, but I cash out depending on the ebb and flow of the price of coins. If you cash out 1 day then you might not be cashing out at the most optimum time. I do it as I go along. a $320 electric bill each month isn't difficult to pay for with the least amount of coin if you time it correctly once a week.
January 31, 2018, 09:47:09 PM
Mining is no longer profitable for home miners, unfortunately decentralized technology became centralized due to interests of these who hold 99% of the riches. Basically same story than our banks, within 1 year only...
January 31, 2018, 09:44:44 PM
We'll have to see if the ongoing price correction ever transfers over to the gpu market. Interesting to see really minimal price declines so far.
January 31, 2018, 09:34:12 PM
hmmm, why not just buy a less expensive card that mines more per day. I'm still getting $2.25 per day with my 570's that only cost me $200 over a month ago only drawing 88 watts each. They seem to always be in stock.
for now im just mining shit coins in hope they blow up, but every single coin started out as a shit coin, even bit coin nobody took serious.
when the does price of these GPU go down?
January 31, 2018, 09:08:27 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.
Well I can understand that but you can't complain if you cash out you have to live with that choice. Everyones circumstance is different but in the end we all have to be satisfied in our choices in the end.
Do you pay your electric bill 3-4 times a month? I pay mine once a month. Just front it with your other money and cash out for a few months of electricity when it's good to do it. If anyone thinks this is a short term thing, they are dreaming.
January 31, 2018, 09:03:26 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.
Well I can understand that but you can't complain if you cash out you have to live with that choice. Everyones circumstance is different but in the end we all have to be satisfied in our choices in the end.
January 31, 2018, 08:47:54 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
Some people cash out frequently to convert to fiat to pay their electric bills..... I cash out 3-4 times per month just for that reason. Or once per month if the prices are good.
January 31, 2018, 08:40:04 PM
hmmm, why not just buy a less expensive card that mines more per day. I'm still getting $2.25 per day with my 570's that only cost me $200 over a month ago only drawing 88 watts each. They seem to always be in stock.
January 31, 2018, 08:38:20 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
Exactly ... And it is moronic to track daily in fiat value even if you are not cashing out daily. The exchange rate to fiat is constantly changing.
January 31, 2018, 08:35:13 PM
The problem is you are cashing out and not holding till market value comes up. Hold and that 2 dollars today 30 days from now maybe worth 6 dollars. Mining is not a get rich quick unless you hit the jackpot mining a coin with no value that goes to the moon. Just my 2 cents.
January 31, 2018, 08:15:37 PM
but the card prices keep going up....
and no dont tell me bitcoin is down, its still $10,000 a coin!!!
and no dont tell me bitcoin is down, its still $10,000 a coin!!!
What going on with you buddy? Why do you start all these nonsense threads?
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